Indonesia's IDX Closed Down 1.42% Amidst Trade Surplus (Friday, March 15, 2024)
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The Jakarta Composite Index (IHSG) closed down 105.26 points, or 1.42%, to 7,328.05 on Friday, March 15, 2024.
The index weakened amid Indonesia's trade surplus of US$876 million in February 2024, marking a record 46 consecutive months of surplus. However, this figure is lower than the US$2.02 billion surplus recorded in January 2024 (month-to-month/mtm).
Based on the IDX-IC Sectoral Index, eight sectors experienced corrections. The finance sector fell the most, by 1.96%, followed by the basic materials and infrastructure sectors, which declined by 1.82% and 0.95%, respectively.
Meanwhile, three sectors strengthened, led by the transportation sector with a 1.47% increase. This was followed by the technology and finance sectors, which rose by 0.37% and 0.07%, respectively.
According to RTI Business data, there were 1.10 million transactions on the domestic stock exchange today.
A total of 25.69 billion shares changed hands, with a transaction value of Rp17.85 trillion.
312 stocks closed lower, 230 stocks were stagnant, and 226 stocks rose.
CUAN was the top loser today, plunging 15.32%, followed by SMLE and IOTF, which fell by 14.67% and 11.31%, respectively.
On the other hand, KICI was the top gainer today, soaring 34.59%, followed by MITI and NIKL, which rose by 33.77% and 20.93%, respectively.
Regional Asian stock markets showed mixed movements this afternoon. The Nikkei index weakened by 0.26% to 38,707.60, the Hang Seng index fell by 1.42% to 16,720.89, the Shanghai index rose by 0.54% to 3,054.63, and the Straits Times index weakened by 0.42% to 3,172.95.
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